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By: Rebecca Campbell31st August 2018
The Nuclear Industry Association of South Africa is not happy at the exclusion of further nuclear power (over and above that already provided by the existing Koeberg nuclear power plant) from the Government’s recently released Integrated Resource Plan (IRP) 2030. “The nuclear industry,” observed... →

By: Halima Frost31st August 2018
A gas processing plant, built by backup and continuous power solutions provider Diesel Electric Services, in Boshoek near Rustenburg, has achieved over 45 000 lost-time injury-free hours in its first year of operation. The project – which started in January 2016, and took about 16 months to... →

By: Terry Mackenzie-hoy31st August 2018
I worked for State-owned power utility Eskom as the senior engineer for operations in the Eastern Cape for just under two years. It was a fabulous job. I reported to the chief engineer, who, in turn, reported to the regional manager. But both the chief engineer and I had a reporting... →

By: Terence Creamer31st August 2018
Electricity nerds such as myself are bracing themselves for a breathless few months, with significant developments on the horizon. Much of the focus will be on the updated Integrated Resource Plan (IRP), which has finally been released for public comment. This is a critical document and it is... →

By: Marleny Arnoldi30th August 2018
State-owned power utility Eskom has reached a three-year wage agreement with trade unions the National Union of Mineworkers (NUM), the National Union of Metalworkers of South Africa (Numsa) and Solidarity.
In terms of the agreement, Eskom’s bargaining unit permanent employees will receive salary... →

By: Terence Creamer29th August 2018
A leading electricity expert is warning that there is little or no prospect that Eskom can trade itself out of its current financial difficulties and that restructuring – including a vertical separation of its cash-guzzling generation assets from its transmission, system operator and distribution... →

By: Kim Cloete28th August 2018
Eskom chairperson Jabu Mabuza says the utility is up to 33% overstaffed at all levels and may need to be "rightsized" in time. “We don't know whether we will downsize but we are determined to rightsize. We will do that within the confines of the Labour Relations Act. We can’t tell people here how... →

By: Kim Cloete28th August 2018
Eskom CEO Phakamani Hadebe says Eskom will continue to tighten the screws on implicated former and current employees and suppliers who have drained the utility of its resources and plunged it into debt. He told Parliament on Tuesday that Eskom would also sue Gupta-linked Trillian later this year... →

By: Kim Cloete28th August 2018
Public Enterprises Minister Pravin Gordhan has suggested that Parliament call in some of the big and small coal suppliers to account for their export of coal, amid increasing concerns about the shortage of coal in the country. Gordhan was speaking after several Members of Parliament suggested... →

By: African News Agency 28th August 2018
Eskom has shelved plans to ask the Public Investment Corporation (PIC) to convert some of its debt to equity, Eskom chairperson Jabu Mabuza told MPs on Tuesday. "We are not asking anybody to convert debt," he told a joint meeting of the portfolio committees on energy and public enterprises →

By: African News Agency 28th August 2018
Eskom will sue Trillian later this year to recover R600-million from the firm linked to the infamous Gupta family, the utility's CEO Phakamani Radebe told MPs on Tuesday. "In December we will be going to court to face up to Trillion to demand our R600-million," Radebe told a joint sitting of... →

By: Maxine Arries27th August 2018
Finance Minister Nhlanhla Nene will, on the first day of the 2018 Southern African Metals and Engineering Indaba, meet with Business Unity South Africa CEO Tanya Cohen, Federation of Unions of South Africa General Secretary Dennis George and Centre for Development and Enterprise Executive... →

By: African News Agency 24th August 2018
Main opposition Democratic Alliance leader Mmusi Maimane said on Friday he had written to President Cyril Ramaphosa requesting that he table in Parliament within 14 days, the full terms and conditions of a R33-billion loan agreement state power firm Eskom recently signed with the Chinese... →

By: African News Agency 23rd August 2018
Gauteng Finance MEC Barbara Creecy on Thursday raised her concerns about the negative impact on the quality of public facilities and job creation caused by poor spending of infrastructure budgets by municipalities in the province. During a meeting with MMCs of Finance from all municipalities in... →

By: Marleny Arnoldi23rd August 2018
Diversified miner South32 will start a process to broaden the ownership of its South Africa Energy Coal (SAEC) business, in September.
“We have been very clear that we don’t plan to own an interest in energy coal in the long term, and it has never been a better time in terms of where South... →

By: Reuters23rd August 2018
South Africa's State-run power utility Eskom expects to have 7 000 less staff in five years from now, a senior manager at the utility that is struggling to emerge from a financial crisis said on Thursday. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more... →

By: Terence Creamer23rd August 2018
South Africa’s electricity utility Eskom has initiated a series of interactions with stakeholders as part of a review process designed to deliver a new long-term strategy, dubbed ‘Strategy 2035’, for the beleaguered organisation. The new leadership at the State-owned company, together with Public... →

By: African News Agency 22nd August 2018
Power utility Eskom said the risk of load-shedding remained high on Wednesday, especially for the evening peak period from 5pm to 9pm, due to a number of its generating units being out on maintenance and possibly not being back in time to meet the evening peak period. "We encourage residents and... →

By: News24Wire 22nd August 2018
Members of Parliament wasted no time in trying to get to the bottom of questionable contracts at Eskom on Wednesday, however executives at the power utility seemed less prepared - fumbling answers and even requesting time to regroup. The Standing on Public Accounts (Scopa) was being briefed by... →

By: Anine Kilian21st August 2018
Trade union Solidarity believes the power of medical services in South Africa will be negatively impacted if government decides to centralise the healthcare system through the National Health Insurance (NHI) Bill. Speaking at a Healthcare Crisis Summit organised by Solidarity, in Pretoria, on... →

By: News24Wire 21st August 2018
The government's procurement system is intentionally not followed in at least 50% of all tenders, chief procurement officer Willie Mathebula told the commission of inquiry into allegations of State capture on Tuesday. Mathebula has proposed a special tribunal to deal with those who transgress and... →

By: Terence Creamer21st August 2018
A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... →

By: Marleny Arnoldi21st August 2018
Since JSE-listed Basil Read announced its entering into business rescue in June, it has secured R265-million in funding and its business rescue practitioners (BRP) have, this week, published a business rescue plan.
The company’s appointed BRPs – Siviwe Dongwana and John Lightfoot – believe the... →

By: Anine Kilian20th August 2018
Integrated chemicals and energy company Sasol on Monday reported a 22% year-on-year decrease in its headline earnings a share to R27.44 for the financial year ended June 30. Speaking at a presentation of the group’s results on Wednesday, joint president and CEO Bongani Nqwababa said core headline... →

By: African News Agency 20th August 2018
The judicial commission of inquiry into alleged capture of the South African State and its entities, referred to as ''State capture'', is set to begin on Monday in Johannesburg. At the centre of the hearings are the fugitive Gupta family, who have since left the country as allegations of... →

By: African News Agency 20th August 2018
Global integrated chemicals and energy company Sasol said on Monday its headline earnings per share dropped 22% to R27.44 in the year to June 30. Earnings before interest, taxes, depreciation, and amortization rose 10% to R52-billion and the company declared a dividend per share of R12.90. →

By: Terry Mackenzie-hoy17th August 2018
We are in an era of strikes and riots. Workers at State-owned power utility Eskom have been on strike for weeks and have just settled, the taxi drives are on strike, the public workers union are threatening a strike, platinum workers are on strike, and so on. All strikes happen with the usual... →

By: Donald Makhafola17th August 2018
With business spend in Africa predicted to grow from $2.6-trillion in 2015 to $3.5-trillion by 2025, wholly black-owned construction group Concor Construction believes that this trend will redefine urban areas and cities, triggering the need for rapid infrastructure development and services.... →

By: Marleny Arnoldi16th August 2018
Diversified miner Exxaro Resources’ coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017. The company on Thursday attributed the increase in overall output to higher production volumes at the company’s... →

By: Reuters16th August 2018
The National Union of Mineworkers (NUM) said on Thursday it was ready to sign a three-year wage offer from state power firm Eskom provided the utility agrees not to discipline staff who went on strike illegally. Investors want to see a resolution to the standoff between workers and Eskom as any... →

By: News24Wire 16th August 2018
The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... →

By: African News Agency 16th August 2018
The National Union of Metalworkers South Africa has rejected Eskom's proposal to institute disciplinary action against workers who participated in industrial action during protracted wage negotiations, on the grounds that the power utility is an essential service. On Wednesday Eskom declared a... →

By: News24Wire 15th August 2018
Stabilising State-owned enterprises could take six months or longer, depending on the extent of corruption, said Public Enterprises Minister Pravin Gordhan. The minister on Wednesday briefed the portfolio committee on public enterprises on the progress made in addressing governance challenges at... →

By: News24Wire 15th August 2018
Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize has revealed that municipalities are owed R139-billion for municipal services rendered. He said that the outstanding billions made it difficult for them to pay money owed to Eskom. Mkhize was responding to questions in the... →

By: Reuters14th August 2018
State-owned power firm Eskom has hired financial adviser Lazard to draft a plan to shore up its balance sheet as it struggles to emerge from a financial crisis, two banking sources told Reuters. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more than 90%... →